Official rules
Discount and exclusions
The official referral documentation supplies the rate, volume limit and excluded account types. It does not make AWD an exclusive or higher-paying code.
Read the current referral rules ↗Independent guide · terms reviewed
Hyperliquid referral code AWD
A 4% reduction in eligible trading fees for the first $25M of volume. See what it saves, which accounts qualify and how to check it in the official app.
4% of fees, not trade value$25M volume limitExcluded vaults & subaccounts
We are an independent publisher, not Hyperliquid. Using AWD may earn us referral rewards. The published discount is the same for every valid code.
Confirm acceptance in your connected account. The public invite alone is not proof of activation. Leveraged trading can result in total loss.
From code to account check
How to use your referral code
A link opens an invitation. The official app decides whether it can be attached to your account.
- 01
Open the official app
Use the AWD link above, or open the official Referrals page and enter AWD when manual entry is available. Check the domain before connecting.
- 02
Check your connected account
Sign in with the account you intend to use. Look for confirmation in its Referrals screen. Text on a logged-out invite page is not account confirmation.
- 03
Confirm the terms and fees
Review the fee information shown by the official app. If the code is rejected or a prior referral is shown, use the app’s status; this site cannot replace an existing code.
A worked example
What a 4% fee discount saves in dollars
A $100,000 standard perp taker fill at 0.045% costs $45 before reductions. An eligible 4% referral discount saves $1.80, leaving $43.20. Two equal fills save $3.60 in total.
| One fill at tier 0 | Without referral | With referral | You save |
|---|---|---|---|
| $10,000 taker | $4.50 | $4.32 | $0.18 |
| $100,000 taker | $45.00 | $43.20 | $1.80 |
| $100,000 maker | $15.00 | $14.40 | $0.60 |
| $100,000 taker + 5% staking | $42.75 | $41.04 | $1.71 |
Calculated examples, not executed trades. Each assumes standard fees and full referral eligibility. The staking example requires a qualifying tier. Funding, slippage and transfer costs are separate.
Original research · latest collection
The fee discount is only one part of your cost
At tier 0 without a staking reduction, an eligible $100,000 standard perp taker fill saves $1.80 through the base referral discount. We also measured visible order books to show the separate price cost at that size.
240public API snapshots in this collection
4 marketsBTC · ETH · SOL · HYPE
JSON + CSVraw inputs and reproducible results
Median modeled cost against midpoint for fully covered observations only, before trading fees. Coverage is fully modeled snapshots / captured snapshots. Scroll the table horizontally on small screens.
| Market | Buy cost | Buy coverage | Sell cost | Sell coverage |
|---|---|---|---|---|
| BTC | $0.615995 | 60/60 | $0.616003 | 59/60 |
| ETH | $1.901 | 60/60 | $1.901 | 60/60 |
| SOL | $4.468 | 60/60 | $10.662 | 60/60 |
| HYPE | $18.773 | 26/60 | $22.638 | 10/60 |
60 samples per market in this dated window; the earlier collection remains available in the study. The windows are not continuous daily coverage. Values are historical book estimates, not executed trades or current quotes. The API exposes at most 20 levels per side.
Inspect the sample, method and raw data →Sources and our checks
What is documented, observed and still unconfirmed
Reviewed 18 Sept 2026. We separate the protocol’s published terms from what our own public-app check can establish.
Public observation
An invitation is not activation
The public AWD route displayed the code. A random control string also appeared in an invitation. Both observations establish URL text rendering, not valid-code acceptance.
Read the dated control test →Evidence limit
No connected-account claim
We have not published a connected-account acceptance test or a realized fee reduction for AWD. Confirm the code and applicable rates in your own official account.
Our evidence and calculation policy →An inaccurate claim or calculation can be reported through our correction contact. Material corrections are recorded in the change log.
Referral code questions
What is the Hyperliquid referral code on this site?
AWD is the referral code used by this independent site. Enter it on the official Referrals page when your account is eligible, or open the official AWD invite link. Confirm acceptance in your connected account.
Is one Hyperliquid referral code better than another?
The published standard discount is the same for every valid code. AWD does not provide an exclusive higher rate. This site may earn referral rewards from eligible use.
Does a referral code give a signup or deposit bonus?
The official referral program describes a trading-fee discount. It does not describe a cash signup or deposit bonus. Check any separate promotion against its own official terms.
Is the 4% discount unlimited or lifetime?
The published limit is the first $25M of referred-user volume. A volume cap matters even if there is no advertised expiry date. Vaults and subaccounts are excluded.
Can I add a code to an existing account?
The documentation offers manual entry on the Referrals page. Eligibility and any existing referral binding must be checked in the official app. We have not verified every existing-account state and cannot attach or change a code for you.
Has AWD been verified on a connected account?
Not in the test documented here. The public invite displayed AWD, but a random control string also appeared. An invite page alone does not prove a code is accepted or that a fee discount was applied.
Do 30% or 40% referral-code offers change the standard terms?
The published standard referral benefit is 4% of eligible fees over the first $25M in volume. Your own HYPE staking tier can separately reduce fees. The staking-referral proposal is not ready for mainnet according to the official status reviewed on 18 September 2026. A larger advertised benefit needs its own current, verifiable terms.
For your next decision
Fees, market data and practical guides
Tools and explanations for the costs and risks that a referral code does not change.
01
Read the fee schedule
Standard tiers, staking thresholds and the products that use different rules.
Open guide →02
Inspect current markets
Official API snapshots with funding, open interest, volume and source timestamps.
Open guide →03
Connect the right account
Wallet and email access, official domains and common account confusion.
Open guide →04
Understand deposits and withdrawals
Route-specific steps, supported assets and transfer limitations.
Open guide →05
Review the risks
Wallet, bridge, liquidity, oracle and leveraged-position risks explained separately.
Open guide →06
Size a position
Estimate position size from a risk budget, entry, stop and execution reserve.
Open guide →